You are auditing payroll for the Reel In Technologies company for the year ended October 31, 2016. Included next are amounts from the client's trial balance, along with comparative audited information for the prior ear EEl (Click the icon to view the amounts from the trial balance.) (Click the icon to view the additional information.) Requirements a. Use the final balances for the prior year and the information in items 1 through 5 to develop an expected value for each account, except sales. (Round to the nearest whole dollar.) b. Calculate the difference between your expectation and the client's recorded amount as a percentage using the formula (expected value-recorded amountyexpected value. (Round to the nearest hundradth percent, X.XX%.) (Note 1: When computing the expected value of factory hourly payroll, you must take into consideration both the 6% wage increase and the 8% increase in the number of units produced and sold. Note 2: Use the increase in the 10/31/2016 preliminary sales balance over the 10/31/2015 audited sales balance to determine the expected value for sales commissions on 10/31/2016.) Requirement a. Preliminary Balance Expected Value 10/31/2016 10/31/2016 Executive salaries Factory hourly payroll (see Note 1) Factory supervisors' salaries Office salaries Sales commissions (see Note 2) 629,481 11,100,499 837,567 2,713,957 3,059,893 al balance.) Data Table e informat tion andt o the nearest wh nt)/expected valu Audited Balance Preliminary Balance 10/31/2015 10/31/2016 tory hourl e over the he number of uni 60,856,226 10/31/2016.) Sales* Executive salaries Factory hourly payroll Factory supervisors' salaries Office salaries Sales commissions 52,918,457 $ 544,881 629,481 11,100,499 837,567 2,713,957 3,059,893 10,399,587 A) ry Balan 1/2016 759,699 2,239,582 2,305,911 629, 11,100, 837, 2,713 3,059, *Sales have increased 15% over prior year. 7% percent of that is due to an increase in the average selling price. The remaining 8% is attributed to an increase in the number of units sold Print Done ologies company for the year ended October 31, 2016. Included next are amounts from the client's trial balance, along with comparative audited info the trial balance rmation.) More Info and the informa o the nearest whole dollar. You have obtained the following information to help you perform preliminary analytical procedures for the payroll account balances 1. There has been a significant increase in the demand for Reel In's products xpectation and t nt)/expected value. (Round to the ne The increase in sales was due to both an increase in the average selling price of seven percent and an increase in units sold that resulted from the increased demand and an increased marketing effort. Even though sales volume increased there was no addition of executives, factory supervisors, or office personnel e of factory hourl balance over the e number of units produced and sol 10/31/2016.) 2. 3. All employees including executives, but excluding commission salespeople received a six percent salary increase starting November 1, 2015 Commission salespeople receive their increased compensation through the increase in sale:s eliminary Balan 10/31/2016 4. The increased number of factory hourly employees was accomplished by recalling employees that had been laid off. They receive the same wage rate as existing employees. Reel In does not permit overtime 629 11,100 837 2,713 3,059 5. Commission salespeople receive a three percent commission on all sales on which a commission is given. Approximately 75 percent of sales earn sales commission. The other 25 percent are "call-ins," for which no commission is given. Commissions are paid in the month following the month they are earned Print Done en click Check